- XRP trades at $2.28, gaining 8.88% over the week after breaking multi-year resistance.
- Based on Fibonacci extension levels, the analyst projects XRP targets at $9.5, $17, and $27.
- XRP’s breakout past the Final Wake-Up Line signals a confirmed multi-year trend reversal.
Trading at $2.28 as of press time, XRP shows a 2.25% daily dip but remains up 8.88% over the past week. Market analyst EGRAG CRYPTO projects this price move as the early stage of a broader rally into what he calls the “Blue Ocean” zone, where targets at $9.5, $17, and $27 define the upper bullish potential.
According to the analyst, a breakout from a long-term descending triangle labeled the ‘Red Lake’ has suppressed XRP. This recent movement over this range and the “Final Wake-Up Line” is a structural shift in XRP’s long-term chart. This breakout follows XRP’s rise past the Equilibrium zone near $0.65, which acted as a median point for several prior cycles.
A series of Fibonacci extensions supports the projection. The 1.236 level sits at $3.31, the 1.414 level is $4.51, and the 1.618 level is $7.48. The “Blue Ocean” begins at $9.5 and continues to $27, a zone with limited historical price action, allowing for potential fast movement once initial resistance levels break. The structure implies that the gains are made step by step, and each level serves as a test of market strength and a target.
Chart Structure Confirms Multi-Year Reversal
EGRAG CRYPTO’s chart emphasizes XRP’s breakout above converging long-term trendlines. A trend reversal on a high time scale becomes confirmed after the Atlas Line bottom boundary and the prior limit of the Final Wake-Up Line are broken. This signals a reversal on extended timeframes while XRP leaves behind an extensive accumulation area.
Seven major price points are marked as progressive resistance levels, offering a detailed roadmap toward the $27 zone. The structure of the analysis does not depend on speculative events but follows repeatable patterns tied to historical retracements and extensions. These levels are common in prior altcoin cycles, particularly when assets break from multi-year downtrends.
The Fibonacci zones provide trading guidance to investors who operate in fluctuating futures markets and leverage their trading positions. Short-term fluctuations in XRP may become more intense due to institutional trading vehicles despite their positive impact on liquidity.
Futures Volatility Defines New Trading Environment
EGRAG noted that XRP trades “with the sharks,” referring to the influx of sophisticated players. ProShares’s rise of XRP futures, leveraged ETFs, and three XRP-linked products brings increased risk and new investment possibilities. These financial instruments increase market volatility since traders respond to price movements and asset liquidations.
XRP continues to maintain a steady position above $2, while focus shifts to $3.3 and $4.5 as significant breakpoint levels. Analyzing XRP crossing specific levels would confirm its continued movement toward the Blue Ocean zone while sustaining alignment with its projected mega candle pattern.
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